Coty Sees Unusually Large Options Volume (COTY)
Coty Inc (NYSE:COTY) was the target of unusually large options trading on Monday. Traders bought 147,363 put options on the company. This is an increase of approximately 706% compared to the typical volume of 18,280 put options.
A number of research firms have commented on COTY. Zacks Investment Research raised Coty from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Coty in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Coty in a report on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $12.68.
Shares of COTY opened at $11.50 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.96 and a quick ratio of 0.66. Coty has a one year low of $5.91 and a one year high of $18.90. The firm has a market capitalization of $8.47 billion, a P/E ratio of 16.67, a PEG ratio of 2.54 and a beta of 0.92.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 28th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend was Wednesday, February 27th. Coty’s payout ratio is currently 72.46%.
Large investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. grew its holdings in Coty by 28.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 361,001 shares of the company’s stock valued at $2,368,000 after purchasing an additional 80,016 shares during the period. State of Alaska Department of Revenue grew its holdings in Coty by 33.7% during the fourth quarter. State of Alaska Department of Revenue now owns 205,777 shares of the company’s stock valued at $1,348,000 after purchasing an additional 51,884 shares during the period. Symons Capital Management Inc. grew its holdings in Coty by 48.5% during the fourth quarter. Symons Capital Management Inc. now owns 713,795 shares of the company’s stock valued at $4,683,000 after purchasing an additional 233,142 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Coty during the third quarter valued at about $1,168,000. Finally, Pearl River Capital LLC bought a new stake in Coty during the fourth quarter valued at about $56,000. 65.09% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: “Coty Sees Unusually Large Options Volume (COTY)” was published by Watch List News and is owned by of Watch List News. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://www.watchlistnews.com/coty-sees-unusually-large-options-volume-coty/2902911.html.
Coty, Inc engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care, and mass fragrances.
Receive News & Ratings for Coty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty and related companies with MarketBeat.com's FREE daily email newsletter.